May Co. and Sty Co. exchanged nonmonetary assets.

The exchange did not result in the expected cash flows of the assets being significantly different for either May or Sty.

May paid cash to Sty in connection with the exchange. To the extent that the amount of cash exceeds a proportionate share of the carrying amount of the asset surrendered, a realized gain on the exchange should be recognized by May Sty

a. Yes Yes

b. Yes No

c. No Yes

d. No No